193
193
Dec 10, 2012
12/12
by
FOXNEWSW
tv
eye 193
favorite 0
quote 0
plus what the additional taxes. $1 trillion that are in new taxes on obamacare. most of them on the wealthy. plus, then, hit them on the deduction side. they will be paying top marginal rate of 40%. effective rate that is four or five or six rate ace head. >> bret: make believe you want to get to compromise. there is an easy way to get there. the president said i need $800 billion at revenue, there is a way to get there. let us not discriminate -- let's go simpson-bowles. let's let everybody decide how much they want to use for whatever deduction. maybe you want to use for education. maybe you want to use it for your home. maybe you need it for healthcare. let's cap it. itemize deductions at a certain amount. if you cap at $25,000, you can lower all tax rates 20%. plus kill the alternative minimum tax forever and still have $1.3 trillion in revenue. if you do it at $50,000, cap. it gives you $800 billion. >> i like this idea when i first heard it but there are problems and intended consequences. for instance, you wipe out charities. charitable giving changed radi
plus what the additional taxes. $1 trillion that are in new taxes on obamacare. most of them on the wealthy. plus, then, hit them on the deduction side. they will be paying top marginal rate of 40%. effective rate that is four or five or six rate ace head. >> bret: make believe you want to get to compromise. there is an easy way to get there. the president said i need $800 billion at revenue, there is a way to get there. let us not discriminate -- let's go simpson-bowles. let's let...
59
59
Dec 10, 2012
12/12
by
FBC
tv
eye 59
favorite 0
quote 0
back to the campaign for tax plan would raise the taxes. it is not going to happen. we have liberals like "the new york times" rally around certain tax form saying no and will not touch that. they did not want tax reform come it will not happen. tracy: we have not heard a word about that coming up in 21 days. >> busy expiration on the payroll tax cut, all of those extenders, this is all coming to a head. there's a lot of progress in washington right now, so at best talking with dealing with the bush era policies and the rest is pushed even further into 2013. tracy: even the extenders probably will get punted for a year or extended for a year. so here we are again this time next year we wwll have the same conversation. >> that is just how it goes forward. we have to accep accepted is goe done. tracy: the only way to do this is to throw the book out and start over. republicans offered it to them three times. offered it to them last week and turned it down flat. not interested forming the tax. i think we're in perilous times and we're down to
back to the campaign for tax plan would raise the taxes. it is not going to happen. we have liberals like "the new york times" rally around certain tax form saying no and will not touch that. they did not want tax reform come it will not happen. tracy: we have not heard a word about that coming up in 21 days. >> busy expiration on the payroll tax cut, all of those extenders, this is all coming to a head. there's a lot of progress in washington right now, so at best talking with...
194
194
Dec 10, 2012
12/12
by
KQED
tv
eye 194
favorite 0
quote 0
taxes. and republicans maybe feel that, you know, you could see where that might be a good thing for them too. there are big pressures bushing against... pushing against that too. this is a congress that has been fighting over these issues for two years. corker has made this point as well. if we can't do it, we've been over all these issues. now is the time. there's going to be a new congress in january. you have to educate all these new people coming in. in addition to the economy, there are incentives to get it done now. >> woodruff: we'll let you go back to watching it. lori montgomery of the "washington post," thank you. >> thank you. >> ifill: still to come on the newshour, the right-to-work battle in michigan; tax breaks on the chopping block; homeland security secretary janet napolitano; toxic chemicals in sandy's storm surge; and factory workers at risk around the world. but first, with the other news of the day, here's hari sreenivasan. >> sreenivasan: egyptian president mohammed mo
taxes. and republicans maybe feel that, you know, you could see where that might be a good thing for them too. there are big pressures bushing against... pushing against that too. this is a congress that has been fighting over these issues for two years. corker has made this point as well. if we can't do it, we've been over all these issues. now is the time. there's going to be a new congress in january. you have to educate all these new people coming in. in addition to the economy, there are...
178
178
Dec 10, 2012
12/12
by
MSNBCW
tv
eye 178
favorite 0
quote 0
that tax code a little more progressive. you will have given a little more pain relative to everyone else to the top 2%. that's an important principle i think because this economic downturn has hurt the 98% so much more than the rich. i think it's really important to stay with what the president ran on, the 250 and above because, look, if they don't make a deal, it's going to happen anyway. republicans don't have any room to maneuver it up to $500,000. it's going to happen anyway. >> let's look at this new poll. shows raising tacks on the rich is overwhelmingly popular. no surprise there. 60% of the country favor raising taxes on house holds making $250,000 or more. 38% oppose it. >> yeah. >> i was thinking about 38 thrs. only 2% of the 38% get something out of it. 36% don't. >> i really don't think people who make $250,000 a year, a family of four $250,000 a year of annual income or adjusted gross income is rich. >> depends where you live. >> right. >> and very few people really make that. >> oh, it does. >> take that numbe
that tax code a little more progressive. you will have given a little more pain relative to everyone else to the top 2%. that's an important principle i think because this economic downturn has hurt the 98% so much more than the rich. i think it's really important to stay with what the president ran on, the 250 and above because, look, if they don't make a deal, it's going to happen anyway. republicans don't have any room to maneuver it up to $500,000. it's going to happen anyway. >>...
86
86
Dec 11, 2012
12/12
by
CSPAN2
tv
eye 86
favorite 0
quote 0
number three, we have the tax cuts, both the bush tax cuts and the obama tax cuts which have severely reduced the amount of revenue. the tax burden on americans from the federal government today is at an 80-year low. we simply cannot find the government with their revenues and the loss of jobs that we have. >> host: let me go back to you on that. is that true? >> the cbo has done a study. he got rid of all the current tax cuts, including the payroll tax cut, all parts of the biggest tax cut, not just the top level, and you have sequestration, so you actually have spending cuts, you could reduce that federal budget deficit to about 250- $300 billion in very short order. so this is a combination. we have had spending increases. let's not kid ourselves. we're coming of the worst. were spinning is dropping precipitously, and we're still running trillion dollar deficit. it's not all about the worst. it's about taxes and other spending. in the future let's not forget it will be in the social security and medicare and medicaid and all of which go into making ---financing around the end of th
number three, we have the tax cuts, both the bush tax cuts and the obama tax cuts which have severely reduced the amount of revenue. the tax burden on americans from the federal government today is at an 80-year low. we simply cannot find the government with their revenues and the loss of jobs that we have. >> host: let me go back to you on that. is that true? >> the cbo has done a study. he got rid of all the current tax cuts, including the payroll tax cut, all parts of the biggest...
215
215
Dec 10, 2012
12/12
by
FOXNEWSW
tv
eye 215
favorite 0
quote 0
they get tax breaks from republicans and they get paid back for them. the idea of suggesting that the city of detroit is in trouble because of the unions is ridiculous. what about the management of the companies? what about the great capitalist -- >> eric: detroit has 18.9% unemployment rate. that is higher than the national average. has median average income of $25,000. >> bob: i don't know how you make a connection. >> eric: here is how you make a connection. business environment in state of michigan, city of detroit is terrible. companies aren't coming in there investing. >> dana: a few years ago governor rick schneider took over, a businessman. he had done get awa get gateways and he didn't have to do anything else but decided to serve the state. to the point was dire. some said the governor, state of michigan would need to take over the city of detroit. you can separate the issues. bail-out idea, bail-out detroit versus what governor rick snyder is doing, fundamental change for michigan to make it more like a state like virginia. 23 other states th
they get tax breaks from republicans and they get paid back for them. the idea of suggesting that the city of detroit is in trouble because of the unions is ridiculous. what about the management of the companies? what about the great capitalist -- >> eric: detroit has 18.9% unemployment rate. that is higher than the national average. has median average income of $25,000. >> bob: i don't know how you make a connection. >> eric: here is how you make a connection. business...
174
174
Dec 10, 2012
12/12
by
CNBC
tv
eye 174
favorite 0
quote 0
tax. >> our wealth editor robert frank breaks it down now. >> thanks, bill. the estate tax could go up even more and become a big problem for any kind of cliff deal. let's take a look. the current tax is around 30%. only those worth $5 million or more have to file. if we go off the cliff, it will shoot to 55%. anyone with an estate with $1 million or more will have to file. that will cost many more in the estate tax. many prefer the tax is abolished. obama wants a 45% rate and $3.5 million cutoff. that's midway between today's rates and the old rate. now the problem is even some democrats are siding with republicans. they say they want to keep the current rates. so all sides here remain very far apart. this matters because wealthy families need to rewrite their wills, their charity plans. and for the country there are hundreds of billions of dollars of taxes at stake. it's also a hugely symbolic tax. the left says these estate taxes are important to curb family dynasties. and they also cal
tax. >> our wealth editor robert frank breaks it down now. >> thanks, bill. the estate tax could go up even more and become a big problem for any kind of cliff deal. let's take a look. the current tax is around 30%. only those worth $5 million or more have to file. if we go off the cliff, it will shoot to 55%. anyone with an estate with $1 million or more will have to file. that will cost many more in the estate tax. many prefer the tax is abolished. obama wants a 45% rate and $3.5...
225
225
Dec 10, 2012
12/12
by
FOXNEWSW
tv
eye 225
favorite 0
quote 0
even the tax revenue part. i'm not sure i have seen enough details to settle on whether i would support it. >>neil: on the revenue side, congressman, it has to be a rate hike for you, not this --. >>guest: if my former life i was a tax attorney when i made money. so, rates are pop, -- are important, and there are other ways to raise revenues. rates for me are not the magic goal but who pays them. >>neil: and the spending cuts are delineating --. >>guest: that would be a mistake. >>neil: when the congressional black cause says don't touch entitlements does it party you your party is not in sync with what you offered? >>guest: i wish they were as monolithic as you imply. i don't want to cut entitlements but medicare and medicaid neat to be tweaked. to keep them for the future. the question is, what do you mean? someone's tweak is someone else's devastation much the details matter. a lot. like spending cut, i am for spending cuts but which ones. some may be for tax increases, but can ones? >>neil: you two should t
even the tax revenue part. i'm not sure i have seen enough details to settle on whether i would support it. >>neil: on the revenue side, congressman, it has to be a rate hike for you, not this --. >>guest: if my former life i was a tax attorney when i made money. so, rates are pop, -- are important, and there are other ways to raise revenues. rates for me are not the magic goal but who pays them. >>neil: and the spending cuts are delineating --. >>guest: that would be a...
137
137
Dec 10, 2012
12/12
by
MSNBCW
tv
eye 137
favorite 0
quote 0
one is the tax hikes. he's proposed basically to raise taxes on charities and job creators and he thinks that that's where his starting point is with president obama. >> hold on a second. let's be factual. i think what he said was that he was open to $800 billion in revenues but he did not specify the deductions. >> the only way you could get $800 billion in deductions is to go after the charitable deduction and the mortgage deduction. you're going to go after charities. salvation army said yesterday that they have had the biggest crowds coming in that they've ever seen. we're going to go after charities right now? i don't think that's the best place to be. i think what we need to start at is a place where we believe, we think taxes should be cut. that's what reagan did in a recession and guess what? by the end of his term, revenue doubled. we created 20 million jobs and youth unemployment dropped 43%. that's what we should start with. >> you're saying you don't like speaker boehner because he's considerin
one is the tax hikes. he's proposed basically to raise taxes on charities and job creators and he thinks that that's where his starting point is with president obama. >> hold on a second. let's be factual. i think what he said was that he was open to $800 billion in revenues but he did not specify the deductions. >> the only way you could get $800 billion in deductions is to go after the charitable deduction and the mortgage deduction. you're going to go after charities. salvation...
174
174
Dec 10, 2012
12/12
by
FBC
tv
eye 174
favorite 0
quote 0
which could be accomplished without hiking taxes tax rates. this could simply be accomplished by eliminating loopholes, eliminating some deductions and engaging in a tax reform process that could have lower rates generally by broadening the base. david: if i were to hear that today i would say there is the compromise, they did it. but that was a year ago, what happened? >> those we talke who talks ford bargain. the president is demanding 1.6 trillion in new revenues. call me crazy but sometimes politicians from both parties say one thing one time and then i sa said something different another time. different circumstances. liz: there is the sound bite. why not just do that, which is what we had. right? >> lot of analyst think that is where they will end up. david: you go out shopping for a car and you don't take a deal and a year later he said i will take that deal. note: i have to pay $1000 more. good to see you, thank you. while the investor world is watching the clock takedown, peter schiff said surreal cliff is not december 21, he will tel
which could be accomplished without hiking taxes tax rates. this could simply be accomplished by eliminating loopholes, eliminating some deductions and engaging in a tax reform process that could have lower rates generally by broadening the base. david: if i were to hear that today i would say there is the compromise, they did it. but that was a year ago, what happened? >> those we talke who talks ford bargain. the president is demanding 1.6 trillion in new revenues. call me crazy but...
277
277
Dec 10, 2012
12/12
by
WRC
tv
eye 277
favorite 0
quote 1
a gruing number of republicans say they may be willing to accept tax rate hikes on the rich as long as they gain ground on entitlements. >>> well, the holiday rush is on, folks, fedex says today will be the bus just day of the shipping year, and it could be one of the busiest days ever. >> jay gray took a tour of fedex's world headquarters earlier today and join us live from mississippi with a look at the behind the scenes situation, a look at how the packages get from here to there. >> reporter: hey there, fedex facilities across the nation, including this one in mississippi n. constant motion, moving 19 million packages at a rate of 200 per second. the holiday rush is ramping up at fedex today. >> we've been planning for this day since the day after christmas last year, literally planning for this day since then. >> now it's here, the busiest day in fedex history, 19 million packages passing through the system, 10 million more than an average today. >> peak means longers hours, more packages to deliver. >> deliveries on the ground and through the area. the first largest in the world,
a gruing number of republicans say they may be willing to accept tax rate hikes on the rich as long as they gain ground on entitlements. >>> well, the holiday rush is on, folks, fedex says today will be the bus just day of the shipping year, and it could be one of the busiest days ever. >> jay gray took a tour of fedex's world headquarters earlier today and join us live from mississippi with a look at the behind the scenes situation, a look at how the packages get from here to...
134
134
Dec 10, 2012
12/12
by
WJZ
tv
eye 134
favorite 0
quote 0
that's when automatic tax hikes and spending cuts would take effect. new york's senator charles schumer says the government usually has a hands-off policy when it comes to disaster money. >> the federal government has had a view for 100 years. when god's wrath strikes, it's so overwhelming at local its, -- localities, even big ones like new york can't handle it on their own. >> you don't know for sure? >> you don't know for sure n. washington, who knows? >> reporter: many sandy victims say they're so concerned with putting their lives back together that they don't even know what is going on in washington. and they've never even heard the fiscal cliff. >> this is news to me. i didn't hear that part. >> reporter: anthony spent sunday, seeking fema dollars. he's homeless and can't understand how congress can help cut vital budgets like fema's? >> crazy. doesn't make sense. we need it down here. and there's a -- people down here a lot more destitute than me. >> reporter: congress now has time to figure it out. in new york's staten island, drew levinson, wj
that's when automatic tax hikes and spending cuts would take effect. new york's senator charles schumer says the government usually has a hands-off policy when it comes to disaster money. >> the federal government has had a view for 100 years. when god's wrath strikes, it's so overwhelming at local its, -- localities, even big ones like new york can't handle it on their own. >> you don't know for sure? >> you don't know for sure n. washington, who knows? >> reporter:...
323
323
Dec 10, 2012
12/12
by
CNNW
tv
eye 323
favorite 0
quote 0
let's get some more taxes. but republicans, they say, let's look a little bit more at everything in this room, even if we're going to increase revenue. because maybe by doing some s t strategic cutting we can make a bigger difference. you can have dramatic cuts in thing like homeland security and the energy department and the interior department. if you cut those programs out entirely, yeah, you'd save $80 billion but that's only a small fraction of the deficit. that's why the talk is largely about this back row. where the big ticket item, reside. such as social security, health and human services, medicare, medicaid and defense. each one of these accounts for more than $700 billion in spending. so yeah, if you could find a way to somehow chop about 25% out of each program here, you'd get real savings. about half a trillion dollars. doing that would be unbelievably tough. the simple truth is some of them are protected from cuts. social security is something that democrats and republicans alike have been very af
let's get some more taxes. but republicans, they say, let's look a little bit more at everything in this room, even if we're going to increase revenue. because maybe by doing some s t strategic cutting we can make a bigger difference. you can have dramatic cuts in thing like homeland security and the energy department and the interior department. if you cut those programs out entirely, yeah, you'd save $80 billion but that's only a small fraction of the deficit. that's why the talk is largely...
199
199
Dec 10, 2012
12/12
by
FOXNEWSW
tv
eye 199
favorite 0
quote 0
all with spending cuts and expiring tax credits. today, president obama pushed his proposed fix saying a deal must include higher tax rates. republicans say that is a job killer. they is said that forever. they let go of that, meeting at the white house yesterday. neither side will give any details about the conversation between president obama and speaker boehner. wendell, is there any time left to get this done? >>reporter: well, folks think there is time for enough of a deal but stopped short of a fiscal cliff but some think that has to happen this week. at a daimler truck stop the president didn't mention the upper income tax hike he is demanding but warned what will happen if congress doesn't extend the middle-class tax cuts both sides want. >> people will spend nearly $200 billion less than otherwise they would spend. consumer spending will go down. that means you have less customers, businesses get fewer profits, they hire fewer workers, you go in a downward spiral. wrong idea. >>reporter: the president criticized the right-t
all with spending cuts and expiring tax credits. today, president obama pushed his proposed fix saying a deal must include higher tax rates. republicans say that is a job killer. they is said that forever. they let go of that, meeting at the white house yesterday. neither side will give any details about the conversation between president obama and speaker boehner. wendell, is there any time left to get this done? >>reporter: well, folks think there is time for enough of a deal but...
146
146
Dec 10, 2012
12/12
by
MSNBCW
tv
eye 146
favorite 0
quote 0
it looks like there's a deal on taxes. the president has said that taxes will go up on the wealthy. he holds the trump card in that and nothing gets done that will happen. >> well, you know, jonathan, it's funny you say that the republicans may be recognizing they don't have the leverage here but trying to assert some leverage by saying that they'll do another sort of debt ceiling showdown and not satisfied with the outcome this month, the debt ceiling probably a month later, early february and saying they want to have another showdown if necessary over that. the official position of the white house is we're not going down that road again. we are not going to be negotiating and hostage games over this. however, there was a report on friday from ezra klein saying that this is not anything they're talking about publicly but the conversation within the white house is about the idea of giving in to republicans on raising the eligibility age for medicare, raising that two years in exchange for a partial increase on the top marginal tax rate to 37% instead of 39.6% obama is asking for. th
it looks like there's a deal on taxes. the president has said that taxes will go up on the wealthy. he holds the trump card in that and nothing gets done that will happen. >> well, you know, jonathan, it's funny you say that the republicans may be recognizing they don't have the leverage here but trying to assert some leverage by saying that they'll do another sort of debt ceiling showdown and not satisfied with the outcome this month, the debt ceiling probably a month later, early...
22
22
tv
eye 22
favorite 0
quote 0
much to sense the increased tax burdens were supposed to be part of i.m.f. loan international monetary fund loan four point eight billion dollars in the country to be trying to secure a recently definitely these reducing these tax burdens will perhaps make it more popular among the streets however yesterday of course the national salvation front become a nation of opposition forces going in many of these protests around the city so they completely reject the concept of a referendum set to be next week and have called for protests they say the constitution will only enforce a presidential dictatorship i mean it's. key social economic demands as well as big percentage of the country as it was drafted by islamist dominated constituent assembly to here in cairo really expecting big crowds on choose day against the president's account of protests was arranged by a new coalition of islamic forces of course the president's own choose day they said they want to have a million people on the streets in support of the president of course with the background of violence
much to sense the increased tax burdens were supposed to be part of i.m.f. loan international monetary fund loan four point eight billion dollars in the country to be trying to secure a recently definitely these reducing these tax burdens will perhaps make it more popular among the streets however yesterday of course the national salvation front become a nation of opposition forces going in many of these protests around the city so they completely reject the concept of a referendum set to be...
110
110
Dec 10, 2012
12/12
by
FBC
tv
eye 110
favorite 0
quote 0
liz: is a directly related to the tax break on dividends? >> absolutely. we're fortunate we are in a position to do it. $100 million in cash. the relatively smaller amount. $12 million i think it makes good sense for us and also good sense for the dollar, going to get texas. it is an interesting situation. good for stockholders and also good for the public. liz: the calendar shoveling to help the shareholders like to say people look magnificent, you are about 98% stakeholder, so your tax bill is a huge savings as well. because he will save $400 million because of this. that articulates how people are being affected, but in the end how important is it to strike a deal? do you feel everything going to be mayhem if we don't? >> i really don't know that. other ceos, with a meeting with a number of ceos and i asked are you preparing for the fiscal cliff? and almost there was a blank. nobody is really thinking that will take place, and if it does we have to manage our business. liz: how are you preparing besides the dividend move? >> i will give a special editio
liz: is a directly related to the tax break on dividends? >> absolutely. we're fortunate we are in a position to do it. $100 million in cash. the relatively smaller amount. $12 million i think it makes good sense for us and also good sense for the dollar, going to get texas. it is an interesting situation. good for stockholders and also good for the public. liz: the calendar shoveling to help the shareholders like to say people look magnificent, you are about 98% stakeholder, so your tax...
63
63
Dec 10, 2012
12/12
by
MSNBC
tv
eye 63
favorite 0
quote 0
so a hodgepodge of things and mostly focused on the taxes, 60%. the president has that number to use in addition to what we learned after the exit polling election night and the results of the election. >> and so, i think it's a foregone conclusion that tax rates for the wealthiest of americans are going up and as a pra practical matter, i don't understand why the gop doesn't agree to that sooner rather than later and the onus on the white house to give something relative to spending cuts and entitlement reforms. i think people want compromise and a bigger deal than just taxes going up for those 2% and doesn't get us where we need to go. >> david, let's play what alan simpson had to say regarding the growth. that's the overall end game here. growing the economy and not let lawmakers and such to posture before us. let's play it. >> not a single economist who talked to us in our hearings said we can't grow our way out of this with double digit growth for 20 years. you can't cut spending your way out of this baby or you ruin a very fragile economy an
so a hodgepodge of things and mostly focused on the taxes, 60%. the president has that number to use in addition to what we learned after the exit polling election night and the results of the election. >> and so, i think it's a foregone conclusion that tax rates for the wealthiest of americans are going up and as a pra practical matter, i don't understand why the gop doesn't agree to that sooner rather than later and the onus on the white house to give something relative to spending cuts...
80
80
Dec 10, 2012
12/12
by
CNN
tv
eye 80
favorite 0
quote 0
let's talk taxes. not tax rates. deductions. one third of americans itemize their deductions when they file their income taxes. in fact, the higher your income, the more likely it is you itemize. according to cnn money, an analysis of irs data, a little more than half of middle income tax filers itemize deductions. 97% of tax filers who make more than a quarter of a million dollars a year itemize. they itemize on average $91,000 in tax deductions. lawmakers are considering some sort of limit to the deductions as part of a deal to avert the fiscal cliff. now, if congress were to enact limits to deductions of, say, $50,000, the rich will pay more regardless of their tax rates. how much more? well, our analysis shows on average $14,000 more. that's it for me from the cnn money newsroom in new york. i'm ali velshi. same time tomorrow. r advanced a. in fact, in a recent survey, 95% of people who tried it agreed that it relieved their headache fast. visit fastreliefchallenge.com today for a special trial offer. visit fastreliefchallen
let's talk taxes. not tax rates. deductions. one third of americans itemize their deductions when they file their income taxes. in fact, the higher your income, the more likely it is you itemize. according to cnn money, an analysis of irs data, a little more than half of middle income tax filers itemize deductions. 97% of tax filers who make more than a quarter of a million dollars a year itemize. they itemize on average $91,000 in tax deductions. lawmakers are considering some sort of limit to...
158
158
Dec 10, 2012
12/12
by
CNBC
tv
eye 158
favorite 0
quote 1
the internet giant stashing billions in tax shelters to avoid paying taxes. is that fair play or outrageous corporate behavior? especially in this climate. well talk about that. but first, markets are generally higher. dow jones industrial average up 29 points on the day. nasdaq is up 7. and s&p 500 up about 1 1/2. >> they've been that way about the last ten days or two weeks or so. 21 days until america goes over the cliff or not. president obama meeting with the house speaker boehner in a closed door session over the weekend. yesterday in fact. trying to hammer out a deal. we hope you watch the redskins win over the ravens there in the last minute. president set to speak later at an auto plant in michigan about his planes it raise taxes on the rich. our chief political correspondent live at the white house with the latest. hi, john. >> hi, tyler. it is glammy and overcast in washington today but everybody is looking for bright signs about the fiscal cliff. we have a bright side yesterday when john boehner came here to the white house. house speaker to talk
the internet giant stashing billions in tax shelters to avoid paying taxes. is that fair play or outrageous corporate behavior? especially in this climate. well talk about that. but first, markets are generally higher. dow jones industrial average up 29 points on the day. nasdaq is up 7. and s&p 500 up about 1 1/2. >> they've been that way about the last ten days or two weeks or so. 21 days until america goes over the cliff or not. president obama meeting with the house speaker...
20
20
tv
eye 20
favorite 0
quote 0
on the decision to increase tax burdens on the country is a sales tax on consumer goods and services this is seen to be quite popular for him in the face of much to sense the increased tax burdens were supposed to be part of i.m.f. loan international monetary fund lone wolf point eight billion dollars loan the country's been trying to secure recently definitely reducing these tax burdens will perhaps make it more popular among the street yesterday of course the national salvation front become a nation of opposition forces going in many of these protests in the city so they completely reject the concept of referendum set to be next week and of course for protests they say the constitution only in-force a presidential dictatorship and its. key social economic demands as well as big percentage of the country. by islamist dominated constituent somebody to here in cairo really expecting big crowds on choose day against the president. by a new coalition of islamic forces oppose the president on tuesday they said they want to have a million people on the streets in support of the president
on the decision to increase tax burdens on the country is a sales tax on consumer goods and services this is seen to be quite popular for him in the face of much to sense the increased tax burdens were supposed to be part of i.m.f. loan international monetary fund lone wolf point eight billion dollars loan the country's been trying to secure recently definitely reducing these tax burdens will perhaps make it more popular among the street yesterday of course the national salvation front become a...
344
344
Dec 10, 2012
12/12
by
MSNBCW
tv
eye 344
favorite 0
quote 0
. >> estate taxes. >> estate taxes. a straight couple would not have received that bill. it's simply unfair. if you look at the plaintiffs in this case, chris and sandy have two twin boys and just entering high school when we filed this case and by the supreme court renders the decision, they will be entering college. their moms still can't get marry. paul and jeff, the other plaintiffs in this case, said they want to be married before they have children. think eve been together more than a decade and still don't have the right to marriage equality. >> it's called family values. >> that's exactly right. >> thank you very much. >> thank you. >>> what political story will make headlines in 24 hours? that's next right here. bed in america. the tempur-pedic ergo system. treat yourself to the ultimate sleep experience and save up to $400 during the tempur ergo savings event. plus visit tempurpedic.com for full details on our 0% apr financing with up to five years to pay. don't wait. five-year special financi
. >> estate taxes. >> estate taxes. a straight couple would not have received that bill. it's simply unfair. if you look at the plaintiffs in this case, chris and sandy have two twin boys and just entering high school when we filed this case and by the supreme court renders the decision, they will be entering college. their moms still can't get marry. paul and jeff, the other plaintiffs in this case, said they want to be married before they have children. think eve been together...
1,285
1.3K
Dec 10, 2012
12/12
by
FBC
tv
eye 1,285
favorite 0
quote 0
. >> just over an hour they will speak at a diesel engine plant persoextending tax cuts for fedl tax workers. keeping up the pressure on republicans to cave on taxes after the president and speaker john boehner met at the white house yesterday in a spokesperson said discussions with the white house are taking place, but we have no details to share about the substance of those conversations. they say perhaps the best strategy for them is to accept some higher tax rate the president is demanding, get that off the table and combat entitlement reform early next year the president can work for increasing the debt ceiling. republicans will have a little bit more leverage. speak a lot of people putting forward a theory, and i think it has merit for you give the president to 2% increass he is talking about, the rate increase on the top 2%, so there is a growing body. i'm beginning to believe that is the best route for us to take. speak loudly the decimal be part of the agreement and frankly public and colleagues have learned to say the government will not pay its debts and hold off or someth
. >> just over an hour they will speak at a diesel engine plant persoextending tax cuts for fedl tax workers. keeping up the pressure on republicans to cave on taxes after the president and speaker john boehner met at the white house yesterday in a spokesperson said discussions with the white house are taking place, but we have no details to share about the substance of those conversations. they say perhaps the best strategy for them is to accept some higher tax rate the president is...
162
162
Dec 10, 2012
12/12
by
MSNBCW
tv
eye 162
favorite 0
quote 0
no, it's worse -- look, our taxes are about to go up. not the taxes on our dividends though, right? that's a big part of our retirement. oh, no, it's dividends, too. the rate on our dividends would more than double. but we depend on our dividends to help pay our bills. we worked hard to save. well, the president and congress have got to work together to stop this dividend tax hike. before it's too late. >>> with respect to the issue of whether gays and lesbians should be able to get married, i have spoken about this recently, as i have said. my feelings about this are constantly evolving. i struggle with this. >> that was president obama in 2010. his evolution has progressed rapidly in less than two years. >> at a certain point i've just concluded that for me personally it is important for me to go ahead and affirm that i think same-sex couples should be able it get married, and i continue to believe that this is an issue that is going to be worked out at the local level because historically this has not been a federal issue. >> soon the supreme court may go one step further and dec
no, it's worse -- look, our taxes are about to go up. not the taxes on our dividends though, right? that's a big part of our retirement. oh, no, it's dividends, too. the rate on our dividends would more than double. but we depend on our dividends to help pay our bills. we worked hard to save. well, the president and congress have got to work together to stop this dividend tax hike. before it's too late. >>> with respect to the issue of whether gays and lesbians should be able to get...
74
74
Dec 10, 2012
12/12
by
MSNBC
tv
eye 74
favorite 0
quote 0
no, it's worse -- look, our taxes are about to go up. not the taxes on our dividends though, right? that's a big part of our retirement. oh, no, it's dividends, too. the rate on our dividends would more than double. but we depend on our dividends to help pay our bills. we worked hard to save. well, the president and congress have got to work together to stop this dividend tax hike. before it's too late. tdd#: 1-800-345-2550 after that, it's on to germany. tdd#: 1-800-345-2550 then tonight, i'm trading 9500 miles away in japan. tdd#: 1-800-345-2550 with the new global account from schwab, tdd#: 1-800-345-2550 i hunt down opportunities around the world tdd#: 1-800-345-2550 as if i'm right there. tdd#: 1-800-345-2550 and i'm in total control because i can trade tdd#: 1-800-345-2550 directly online in 12 markets in their local currencies. tdd#: 1-800-345-2550 i e their global research to get an edge. tdd#: 1-800-345-2550 their equity ratings show me how schwab tdd#: 1-800-345-2550 rates specific foreign stocks tdd#: 1-800-345-2550 based on things like fundamentals, momentum and risk. td
no, it's worse -- look, our taxes are about to go up. not the taxes on our dividends though, right? that's a big part of our retirement. oh, no, it's dividends, too. the rate on our dividends would more than double. but we depend on our dividends to help pay our bills. we worked hard to save. well, the president and congress have got to work together to stop this dividend tax hike. before it's too late. tdd#: 1-800-345-2550 after that, it's on to germany. tdd#: 1-800-345-2550 then tonight, i'm...
98
98
Dec 10, 2012
12/12
by
WUSA
tv
eye 98
favorite 0
quote 0
president obama headed to detroit this morning to seek support from auto workers for his plan to raise taxes on the wealthiest americans. the president's latest campaign style appearance follows a weekend white house meeting with house speaker john boehner. sources tell cbs news both sides remain hopeful but little progress was made. if they can't reach an agreement to avoid the fiscal cliff, taxes for all americans will go up and across the board spending cuts will kick in on january 1. economists say that combination could plunge the country back into a recession. there are signs some republicans are now willing to compromise on taxes if they can secure cuts to social security, medicare and medicaid. >> the rate increase on the top 2% that the president is talking about and all of a sudden the shift goes back to entitlements. >> reporter: one proposal under discussion, raising the eligibility age for medicare is not going well for some democrats and advocates for senior citizens. >> the option to raise the medicare age is bad policy and will increase costs because people who are 65 and 66
president obama headed to detroit this morning to seek support from auto workers for his plan to raise taxes on the wealthiest americans. the president's latest campaign style appearance follows a weekend white house meeting with house speaker john boehner. sources tell cbs news both sides remain hopeful but little progress was made. if they can't reach an agreement to avoid the fiscal cliff, taxes for all americans will go up and across the board spending cuts will kick in on january 1....
80
80
Dec 10, 2012
12/12
by
CSPAN
tv
eye 80
favorite 0
quote 0
that is from higher tax rates. roughly 600 billion are from some kind of tax reform. they are all reasonably good proposals. onaker boehner's proposal revenue -- is roughly $800 billion in tax reform. we are about $800 billion apart on taxes. my view is that we should roughly split the difference. i would suggest $1.4 trillion in tax revenue. $700 billion would come through tax reform. we can discuss what that might look like. $700 billion would come from higher tax rates. the president would scale back one trillion dollars. we can talk about that. on the spending side -- does 600,000 -- speaker boehner has come forward with some proposals. i'm not quite clear on how much the spending cuts he has proposed. the president's proposal is short. to get to where we need to go, that $3 trillion target and fiscal stability, we need $1.2 trillion in spending cuts. that should be part of the process. we should do some things to reform social security. after the end of the day, it needs to be almost double of what he is proposing. if you sit down and do the arithmetic of spendin
that is from higher tax rates. roughly 600 billion are from some kind of tax reform. they are all reasonably good proposals. onaker boehner's proposal revenue -- is roughly $800 billion in tax reform. we are about $800 billion apart on taxes. my view is that we should roughly split the difference. i would suggest $1.4 trillion in tax revenue. $700 billion would come through tax reform. we can discuss what that might look like. $700 billion would come from higher tax rates. the president would...
68
68
Dec 10, 2012
12/12
by
CSPAN2
tv
eye 68
favorite 0
quote 0
that is the death tax. recently the joint committee on taxation released an estimate on how many more taxable states, farming taxable states and small business taxable states would be affected by the increase in the death tax over the next ten years, and that chart is to show that. the numbers really are astonishing. if congress does not act, we will see more than 15 times the number of taxable estates, more than 13 times the number of small business taxable states and a whopping 24 times the number of farming taxable estates. and to add fuel to the fire, farmers already have to recoup the economic losses incurred from the recession. this is kicking farmers and ranch erstwhile they are down -- ranch erstwhile they are down. the recent droughts caused an unprecedented economic hardship. if we decrease the exemption amount for the death tax from $5 million down to $1 million, look at how many more farms will possibly be exposed to the death tax in certain drought-stricken areas. as you can see, that's central
that is the death tax. recently the joint committee on taxation released an estimate on how many more taxable states, farming taxable states and small business taxable states would be affected by the increase in the death tax over the next ten years, and that chart is to show that. the numbers really are astonishing. if congress does not act, we will see more than 15 times the number of taxable estates, more than 13 times the number of small business taxable states and a whopping 24 times the...
137
137
Dec 10, 2012
12/12
by
CURRENT
tv
eye 137
favorite 0
quote 0
>> stephanie: won't rule out a 37% tax rate? congressional leaders in both parties signaled they would be open to compromise on the top bracket tax rates. what is the point of winning a second landslide in a row? >> because -- >> stephanie: he was asked about a top rate of 37. halfway between the current rate of -- to the point where it's supposed to go back to. >> we still need the house in order to pass the law. >> stephanie: nancy pelosi says it is about the money. getting the money to grow the economy and unleash the power. she didn't know if a top tax rate of 37% would bring in sufficient revenue. >> handouts. entitlements. social security. >> social security? >> stephanie: can't say that. too many ss. >> the 47%. >> stephanie: okay. >> drunk uncle. >> stephanie: the white house has said 39.6% is its preference but has not ruled out 37%. [ wah wah ] the white house believes it has the leverage because it is willing to go off the cliff which is what they have said. that's why i don't get why we compromise on the rate. why wo
>> stephanie: won't rule out a 37% tax rate? congressional leaders in both parties signaled they would be open to compromise on the top bracket tax rates. what is the point of winning a second landslide in a row? >> because -- >> stephanie: he was asked about a top rate of 37. halfway between the current rate of -- to the point where it's supposed to go back to. >> we still need the house in order to pass the law. >> stephanie: nancy pelosi says it is about the...
43
43
Dec 10, 2012
12/12
by
MSNBC
tv
eye 43
favorite 0
quote 0
and, you know, even in his first term, he talked about real tax reform. and corporate tax reform. and so he wants to find ways in which to keep american businesses here in the country. but also find ways in which we can streamline our tax code. to make small businesses work better. and to grow. and so i -- i am very, very confident that the democrats are very sincere in their thoughts about reforming the tax code next year. >> all right. carrie, i want to play this for everybody. this clip from chuck todd's interview with erskine bowles. >> i don't see why the president would want to negotiate against himself on this. if republicans are going to be willing to reduce entitlements, then he ought to come forward and talk about those that they're willing to support. >> carrie, the president has been willing, publicly willing, at least to say so, to take a hard look at entitlements. isn't it now time for the republicans to offer up the specifics of what they want? the onus is on them? >> that's certainly the position of the white house and democrats on the hill. they say they've been w
and, you know, even in his first term, he talked about real tax reform. and corporate tax reform. and so he wants to find ways in which to keep american businesses here in the country. but also find ways in which we can streamline our tax code. to make small businesses work better. and to grow. and so i -- i am very, very confident that the democrats are very sincere in their thoughts about reforming the tax code next year. >> all right. carrie, i want to play this for everybody. this...
76
76
Dec 10, 2012
12/12
by
FBC
tv
eye 76
favorite 0
quote 0
taxes. because business investment is so stingy right now, this battle is really historic. i think we will see more winners in the states. dagen: right to work states over the last decade have grown faster. >> it is and important component. it will be more so, i think, going forward. the combination, state tax rates in federal tax rates, they are really getting onerous. connell: as peter barnes pointed out, how involved, or will he get involved in this at all going forward? >> well, your guess is as good as mine. here is the thing, you know, of all places that you can go in america, discussing the fiscal cliff, and he ends up in michigan. it is not only about this. you have members of the city council saying the president needs to bail us out. they used that language. i think it is veryytelling where he went today. connell: all right, steve, it is very good to see you. dagen: a new report by the u.s. intelligence reveals china will have the world's largest economy by 2030. the councils globa
taxes. because business investment is so stingy right now, this battle is really historic. i think we will see more winners in the states. dagen: right to work states over the last decade have grown faster. >> it is and important component. it will be more so, i think, going forward. the combination, state tax rates in federal tax rates, they are really getting onerous. connell: as peter barnes pointed out, how involved, or will he get involved in this at all going forward? >> well,...
274
274
Dec 10, 2012
12/12
by
FOXNEWSW
tv
eye 274
favorite 0
quote 1
local taxes are but not federal taxes. life will be more expensive for most people. they won't even take that into account. inflation is already here and will get worse. jenna: i think my head hurt a little bit, jon. i'm getting hungry by the minutes of steak. >> i always do a 2-for-1. jon: charles is buying. jenna: great advice, charles. thanks for your perspective. we'll be back with more "happening now" at the top of the hour ♪ [ male announcer ] campbell's green bean casserole. it's amazing what soup can do and now -- i got a great new way to get deals. it's called bankamerideals, from bank of america. i choose the cash back deals in my mobile or online banking. i just use my bank of america debit or credit card when i pay. and i get as much as 15% cash back -- put into my account. this is cash back on top of other rewards i already get. best of all -- it's free. happy holidays. [ male announcer ] introducing bankamerideals, free for online banking customers. sign in to your online banking to choose your deals today. jenna: the window is open and the world watc
local taxes are but not federal taxes. life will be more expensive for most people. they won't even take that into account. inflation is already here and will get worse. jenna: i think my head hurt a little bit, jon. i'm getting hungry by the minutes of steak. >> i always do a 2-for-1. jon: charles is buying. jenna: great advice, charles. thanks for your perspective. we'll be back with more "happening now" at the top of the hour ♪ [ male announcer ] campbell's green bean...
165
165
Dec 10, 2012
12/12
by
CNNW
tv
eye 165
favorite 0
quote 0
the payroll tax holiday. you get about 20 bucks extra a week. that's separate from the bush era tax rates that could change. all of this just to tell you that the markets have held in very, very well, the markets are telling us they think something's going to get done so it behooves washington not to give it up. >> are you free for the rest of the week? >> how about the rest of the ye year? >> i just signed you up for a little job. because the fiscal cliff is so confusing on a personal level, we're asking, go ahead and tweet us your questions. we figured this would be a good idea to put you guys to work. thatst the address. specific questions about how the fiscal cliff could impact you, your family or business and we've got the experts literally live as your financial planners live on the air to answer some of those questions. are you glad that i just signed you up for that? you'll be seeing christine all week long. anncr: some politicians seem to think medicare and... social security are just numbers in a budget. well, we worked hard for those
the payroll tax holiday. you get about 20 bucks extra a week. that's separate from the bush era tax rates that could change. all of this just to tell you that the markets have held in very, very well, the markets are telling us they think something's going to get done so it behooves washington not to give it up. >> are you free for the rest of the week? >> how about the rest of the ye year? >> i just signed you up for a little job. because the fiscal cliff is so confusing on a...
121
121
Dec 10, 2012
12/12
by
MSNBCW
tv
eye 121
favorite 0
quote 0
tax hikes today. i think he's trying to do what he can to deflate the opposition and essentially win this vote on saturday and sort of take this as a sign that he's now free to lead the way he wants to and use the military if necessary to enforce that lead. >> meantime let's talk about syria. the civil war there spilled over to lebanon where at least 17 people were killed in recent clashes. nbc news reported president assad is getting chemical weapons ready to use on his people. of course, they've denied it. where do you put the threat level? >> well, i think the threat level is certainly increasing. you know, we obviously don't have access to those intelligence reports. but you've heard lots of signs of alarm from u.s. officials that there are indications of these chemical weapons are being prepared for use. when you combine that with the signs that maybe assad's forces are in a little bit more danger from the rebels than they were before, you might think that perhaps the regime is becoming desperate
tax hikes today. i think he's trying to do what he can to deflate the opposition and essentially win this vote on saturday and sort of take this as a sign that he's now free to lead the way he wants to and use the military if necessary to enforce that lead. >> meantime let's talk about syria. the civil war there spilled over to lebanon where at least 17 people were killed in recent clashes. nbc news reported president assad is getting chemical weapons ready to use on his people. of...
474
474
Dec 10, 2012
12/12
by
KPIX
tv
eye 474
favorite 0
quote 0
there would be no tax increases. i repeat, zero tax increases. now, why would i do that? i mean i won the election. well, simply put, i felt sorry for this man. i realize how badly the republican party treats him when he even considers raising taxes. this man, this grown man was pushed into the congressional ladies' washroom, naked from the waist down. >> they held me down and took my pants. >> so, you know, republicans, you win? okay? you get what you want. but you leave this man alone. you leave this poor orange man alone. >>> welcome back to "cbs this morning." two australian radio hosts are apologizing for their prank phone call to the hospital where prince william's wife catherine was being treated. >> they say they were heartbroken to learn that the nurse who treated the duchess had committed suicide. elizabeth is outside the hospital. good morning. >> reporter: good morning, charlie and norah. this is the first time the two deejays have spoken publicly on australian national television. the interviewer started by asking them if they remember the moment they heard t
there would be no tax increases. i repeat, zero tax increases. now, why would i do that? i mean i won the election. well, simply put, i felt sorry for this man. i realize how badly the republican party treats him when he even considers raising taxes. this man, this grown man was pushed into the congressional ladies' washroom, naked from the waist down. >> they held me down and took my pants. >> so, you know, republicans, you win? okay? you get what you want. but you leave this man...